Bunzl (OTCMKTS:BZLFY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Bunzl plc (OTCMKTS:BZLFYGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.73 and traded as low as $20.17. Bunzl shares last traded at $21.22, with a volume of 27,868 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BZLFY. Hsbc Global Res lowered Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a report on Monday, December 16th.

Get Our Latest Stock Report on Bunzl

Bunzl Stock Up 1.8 %

The company has a 50-day simple moving average of $39.54 and a 200 day simple moving average of $41.73.

About Bunzl

(Get Free Report)

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.

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